#MaxFinancialServices W breakout pattern seen on daily with >average volume. Caution on momentum divergence.
momentum on shorter timeframe climbed into bullish zone along with that of long/medium term.
Even a 50FIB trend projection from last swing could be 2% from current price levels.
As I always say that Harmonic Trading strategy is all about reversal trading. if you know how to trade on reversal then only you can and you should trade on Harmonic patterns.
as one can see that there are two Harmonic patterns on this MFSL chart it shows that This reversal zone might be more strong then usual one.
As per this harmonic pattern chart...
A rising RSI and a converging MACD indicates a short term upmove in MFSL.
Adjust trading volumes as per entry price.
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THIS IS NOT A TIME DEPENDANT ANALYSIS..
1.Forming bullish Cypher
2.Present support at weeklyS2
3.MA cross 50/200 olhc4 bearish
4. 4year yellow trendline broken
5.Reversal is expected to occur at the PRZ of the bullish cypher as marked
6. the reversal tragets are 0.382DC an 0.618DC of the bullish cypher
Disclaimer... this is not an investing/trading advice, do...